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Gupta Company Made the Following Sales of Capital Assets This

Question 62

Multiple Choice

Gupta Company made the following sales of capital assets this year. Gupta Company made the following sales of capital assets this year. What is the effect of the three sales on Gupta's taxable income? A) $700 increase B) $12,900 increase C) No effect D) None of the above What is the effect of the three sales on Gupta's taxable income?


A) $700 increase
B) $12,900 increase
C) No effect
D) None of the above

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